Monopolistic or Imperfect Competition?

Edward H. Chamberlin

The Quarterly Journal of Economics, 1937, vol. 51, issue 4, 557-580

Abstract: Some misconceptions examined relative to: marginal revenue, 558; increasing returns, 560; tangency of demand and cost curves, 561; large numbers and divisibility, 562; restriction of entry, 566; differentiation of product, 568.— The nature of monopolistic competition, 570; contrast with imperfect competition, 573.— Significance of the difference with respect to: profits, 576; "competitive" norms, 576; "exploitation," 577.

Date: 1937
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